AGEYX

About AGEYX

American Beacon Developing World Income Fund Y is an actively managed mutual fund focused on generating income with capital appreciation as a secondary objective. The strategy concentrates on fixed-income securities tied to developing economies, including a meaningful allocation to frontier markets, giving investors exposure to less mature capital markets and their distinct credit and currency profiles. The fund typically holds a diversified portfolio of sovereign and corporate debt across dozens of countries, reflecting broad geographic reach and varied risk factors. It employs specialized sub-advisers with complementary approaches in emerging-market and frontier fixed income, aiming to balance yield opportunities with risk management across credit cycles. The share class is institutional in nature, featuring a high minimum initial investment and an expense ratio positioned toward the higher end of its category. Distributions are paid monthly, consistent with its income orientation. With characteristics aligned to the emerging-markets bond category and an effective duration in the intermediate range, the fund plays a role as a diversified income source that can introduce differentiated credit and country exposure within a global fixed-income allocation.